Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
ION Platform Posts Revenue Growth and Higher Debt as Leverage Eases
ION Platform grew revenue and profits in Q2, but net debt rose to $11 billion. Leverage improved slightly to 6.53 times, offering a mixed pi
TCS Shares Rise on AI Revenue Surge and Banking Demand, But Recovery Remains Gradual
Tata Consultancy Services shares rose after better-than-expected quarterly revenue, driven by strong banking demand and AI projects now runn
TCS CEO Says AI Will Reshape Roles, Not Cut Headcount After Adding 9,279 Staff
Tata Consultancy Services CEO K Krithivasan says AI won't mean layoffs at India's biggest IT services firm, even after it added 9,279 net em
Asia Chip Stocks Rally as SK Hynix’s $26.5B US Debut Overshadows Oil Price Jump
Asian chip and AI stocks climbed Friday as SK Hynix’s $26.5 billion US debut captured market focus. The rally held despite Brent crude risin
Chinese AI Startup MiniMax Raises HK$16 Billion in Hong Kong Share and Bond Deal
Chinese AI startup MiniMax is raising HK$16.04 billion through a share placement and convertible bonds in Hong Kong. The funds will fuel R&D
OpenAI Executive Fidji Simo Steps Back as Company Pushes Super-App and IPO Plans
OpenAI executive Fidji Simo is stepping back from her full-time role after a medical leave, moving to a part-time advisory position. The shi
FuboTV Taps Disney+ President Alisa Bowen as CEO, Replacing Founder David Gandler
FuboTV is replacing its founding CEO with Disney+ president Alisa Bowen, effective July 10. The move marks a full leadership reset, with co-
Chip Stocks Surge on Nvidia Supply Hopes and SK Hynix Listing, Lifting Wall Street
Wall Street climbed as chip stocks rallied on Nvidia supply speculation and SK Hynix's successful US listing. The Nasdaq rose 1.3% and the P
Micron's $250 Billion US Investment Plan Sparks Chip Stock Rally
Chip stocks surged Thursday after Micron unveiled a massive $250 billion US manufacturing investment plan through 2035. The PHLX Semiconduct
Meta and Micron Fuel AI Chip Rally: $3B Investment and In-House Production Plans
Chip stocks rallied Thursday after Meta announced plans to produce its own AI chips from September and Micron revealed up to $3 billion in p
PrismML Shrinks 27B-Parameter AI Model to Fit on iPhone, Apple Takes Notice
PrismML says it compressed Alibaba's open-source Qwen 3.6 AI model to under 4GB, small enough to run on an iPhone. Apple has met with the st
OpenAI Launches ChatGPT Work: AI Agent That Automates Office Tasks
OpenAI has launched ChatGPT Work, a new AI agent powered by GPT-5.6 that can pull context from apps and files to produce finished office doc